Tom Precious

NYRA Receives Permission to Offer Internet Wagering

The New York Racing Association will become the first racing entity in New York to offer internet wagering. State regulators April 26 approved a NYRA application to permit the potentially lucrative form of gambling, beginning as soon as NYRA can start the venture.

Swindal Leaves Excelsior as N.Y. Franchise Bids Aired

Steve Swindal, the New York Yankees executive embroiled in divorce proceedings with the daughter of George Steinbrenner, has dropped out of Excelsior Racing Associates, one of four groups vying to win the New York Thoroughbred franchise whose proposals were made public April 5.

Excelsior Loses Steinbrenner Family Backing

Excelsior Racing Associates lost some of its major backing April 1, with the announcement that the Steinbrenner family and a major New York City development firm will no longer be involved in the effort to obtain New York's lucrative Thoroughbred racing franchise.

Despite Rumors, Excelsior Says Franchise Bid on Track

The reported departure of Steve Swindal from the New York Yankees--and his ties to the Steinbrenner family as well--has thrown into doubt the future of Excelsior Racing Associates, the group trying to take over New York's Thoroughbred racetrack franchise. Excelsior Racing, however, said Swindal remains an "integral part" of the team.

NYRA Signal Cut to Account Wagering Outlets

The New York State Racing and Wagering Board has turned off the New York Racing Association's simulcast signal to an estimated two dozen account wagering outlets. Regulators criticized NYRA for delays in submitting contracts to the agency for review, a delay that cost the racing entity about $25,000 in Aqueduct betting revenues Feb. 1, the first day of the signals being cut.

Aqueduct Casino, More VLTs Possible in '08 Plan

New York state officials said talks are under way to permit construction to proceed on a casino at Aqueduct, and a crack has opened to possibly permit more video lottery terminals in the state. Additionally, there is a plan by the state to provide more public assistance to keep the New York Racing Association afloat through 2007.

Confident Swindal Laying Plans for Excelsior

New York Yankees partner Steve Swindal said his Excelsior Racing Associates group is already discussing future track management and laying plans to take over racing in New York on Jan. 1, 2008 when, he believes, Excelsior will begin operating Aqueduct, Belmont, and Saratoga racetracks.

Appeals Court Upholds Pletcher Suspension

An appeals court in Albany, N.Y., upheld trainer Todd Pletcher's 45-day suspension and $3,000 fine Dec. 7, dismissing his challenge to the penalties for using an anesthetic on one of his horses too close to a race in 2004.

State Provides NYRA $8M Loan for Expenses

The state of New York has wired the New York Racing Association $8 million to help ease its immediate fiscal troubles, a funding stream that surprised NYRA officials who earlier in the day had been in court on their first hearing after filing for Chapter 11 bankruptcy protection.

NYRA Seeks Bankruptcy Protection from Court

The New York Racing Association has filed for Chapter 11 bankruptcy protection, charging that the state of New York's failure to approve a long-stalled casino project for Aqueduct Racetrack has pushed it toward insolvency.

NYRA Gets Bailout Funds, New Conditions

The New York Racing Association will get its $19-million bailout from state government provided it gives assurances that it "does not anticipate" filing for bankruptcy protection in the next six months.

Panel Calls Urgent Meeting On NYRA Bailout

With New York Racing Association officials threatening to seek bankruptcy protection, state officials are rushing to complete a deal by Oct. 30 to get government bailout money flowing to the financially ailing NYRA.

Empire Group Urges Pataki to Release Funds

The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.

Empire Group Urges Pataki to Release Funds

The head of a group vying to take over the Thoroughbred franchise from the New York Racing Association is urging Gov. George Pataki to release already-promised state funds to the financially ailing franchise holder.

Fight for Franchise Aids New York Political Races

With the future of the racing industry in New York up in the air, the most immediate beneficiaries appear to be state officials running for office this fall, thanks to a steady flow of money from individuals and companies tied in one way or another to the Thoroughbred franchise renewal process.

Horsemen's Group Blames NYRA for VLT Delays

The New York Racing Association is to blame for the delays in state approvals needed to begin construction on the long-stalled Aqueduct casino project, the leaders of the New York Thoroughbred Horsemen's Association claim.

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